Meta Platforms signed a multi-year agreement with SanDisk to supply NAND flash memory. Meta plans to double its AI computing capacity by 2027. A leaked internal memo revealed the partnership, positioning SanDisk as a primary storage provider.
SanDisk spun off from Western Digital in early 2025. SanDisk recently reported $42 billion in total contracted revenue from multi-year agreements.
SanDisk shares surged following the news. The agreement comes amid a global memory chip shortage driven by intense demand for AI hardware.